What are some of the pros and cons of keeping a CFO in his/her role after the CEO and/or board has already made a decision to not retain that individual?
Answer= Pros=
The main benefit of having the same CFO will be that the CFO already knows the financial situation and other financial terms related to the company, so he will always be in a better position to make the right financial decision
As he is aware of the organizational culture, industry economic and financial analysis, so he can be a good strategic head in the finance department
Cons=
The main disadvantage will be that as CFO has lost the confidence of CEO and board, there may be a lot of clash among these
The proposals made by CFO may not be accepted by CEO or the Board
This will have a negative impact on the overall productivity of the organization due to negative feelings among the CFO and CEO
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